Sip redumption taxability
This query is : Resolved
07 July 2014
Hello,
i invested in SIP of HDFC and Reliance Mutual Funds 3 years ago , now in current year SIP is going to redeem.
and my question is that whether Redeemed SIP are taxable or not to me ?
i invested in SIP of HDFC and Reliance Mutual Funds 3 years ago , now in current year SIP is going to redeem.
and my question is that whether Redeemed SIP are taxable or not to me ?
07 July 2014
since they are for more then 3 years they are long term hence exempted u/s 10.
08 July 2014
if it is equity related MF then no taxable but if it is related to debt fund then you can get indexation benefit and pay LTCG.
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